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ETH Recovery Rally Continues

From tickmill.com

Ethereum prices remain in the green today with ETH futures continuing their recovery rally off the recent drop down towards 2800. For now, the market is down around 23% from the highs posted in March. However, the move lower has been conventionally corrective in nature so far, suggesting that the broader bullish bias remains. The market held the retest of the broken bull channel highs with the current correction framed by a contracting triangle pattern (can be viewed as a bull flag) suggesting an eventual break higher remains the preferred play for now. Broader Crypto Moves In terms of the broader backdrop, the ... (full story)

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  • Category: Technical Analysis